POST-EMPLOYMENT BENEFIT PLANS |
6 Months Ended |
|---|---|
Jun. 27, 2025 | |
| Retirement Benefits [Abstract] | |
| POST-EMPLOYMENT BENEFIT PLANS | POST-EMPLOYMENT BENEFIT PLANS Deferred Employee Compensation The Company sponsors non-qualified deferred compensation plans, under which participants are eligible to defer a portion of their compensation on a tax deferred basis. Plan investments and obligations were recorded in other non-current assets and other non-current liabilities, respectively, in the Condensed Consolidated Balance Sheets, representing the fair value related to the deferred compensation plans. Adjustments to the fair value of plan investments and obligations are recorded in selling, general, and administrative expenses. The plan assets and liabilities were $5.3 million and $5.2 million as of June 27, 2025 and December 31, 2024, respectively. Multi-Employer Pension Plans Certain Company employees who perform work on contracts within the continental United States participate in multi-employer pension plans of which the Company is not the sponsor. Company expenses related to these plans were $4.9 million and $8.9 million for the three and six months ended June 27, 2025, respectively, and $4.4 million and $9.4 million for the three and six months ended June 28, 2024, respectively.
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